Rite Aid Corporation (NYSE: RAD)

Rite Aid Corporation, through its subsidiaries, operates a chain of retail drugstores in the United States. The company sells prescription drugs and a range of other merchandise, including over-the-counter medications, health and beauty aids, personal care items, cosmetics, household items, food and beverages, greeting cards, seasonal merchandise, and other every day and convenience products. It also offers health coaching, shared decision making tools, and health care analytics, including health coaching for medical decisions, chronic conditions, and wellness; population analytic solutions; and consulting services.
Take a look at the 1-year chart of Rite Aid (NYSE: RAD) below with my added notations:

RAD has been winding its way higher since its October bottom and along the way it has created a couple of levels to watch. First, the stock has formed a relatively clear resistance at $9 (red), which would also be a 52-week high breakout if RAD could manage to move above it. In addition, the stock is climbing a short term, up-trending support level (green) over the last 5 months. These two levels combined have RAD stuck within a common chart pattern known as an ascending triangle. Eventually, RAD will have to break one of those (2) levels.

The Tale of the Tape: RAD has an up trending support and a 52-week resistance level to watch. A long trade could be made on a pullback to the support, or on a break above $9. A break below the up trending support could be an opportunity to enter a short trade.